Glencore Trade has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Glencore Trade found at CoreMainSite.com, cad-finra.Glencoretrade.net and https://cad-finra.glencoretrade.io/ is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Where do I even begin with Glencore Trade? for over three years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Comprehensive tools|Demo account available|Tax reports included
Cons: Wait times can be long during peak hours|No dark mode on mobile
I signed up with Glencore Trade through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Automated trading options|Easy withdrawals|Helpful community forum|Intuitive for beginners
Cons: Desktop app not available on Linux|Inactivity fee applies after 12 months
I had a dispute with Glencore Trade and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy withdrawals|Clean UI|Tax reports included
Cons: None so far|Charting tools need more indicators
My withdrawal request from Glencore Trade has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Multiple order types|Multi-device support|High security standards
Cons: Wish they had more educational resources
After seeing ads for Glencore Trade online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Ontario Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I looked into Glencore Trade and found they appear in the regulatory warnings database. Ontario Securities Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
My withdrawal from Glencore Trade was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over three years of being strung along.
Pros: Easy to use platform|Intuitive for beginners|Demo account available|Personal attention
Cons: Spreads widen during volatile periods|Limited social trading features
Tried to withdraw my funds from Glencore Trade and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Tried to withdraw my funds from Glencore Trade and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics